M&T Bank Corp Has $1.29 Million Stock Holdings in Performance Food Group Company $PFGC

M&T Bank Corp grew its position in shares of Performance Food Group Company (NYSE:PFGC) by 331.1% in the fourth quarter, HoldingsChannel reports. The fund owned 14,360 shares of the food distribution company’s stock after acquiring an additional 11,029 shares during the period. M&T Bank Corp’s holdings in Performance Food Group were worth $1,291,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Performance Food Group by 1.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after acquiring an additional 113 shares during the last quarter. US Bancorp DE boosted its position in Performance Food Group by 4.6% during the 3rd quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after acquiring an additional 144 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Performance Food Group by 0.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 24,960 shares of the food distribution company’s stock worth $2,183,000 after acquiring an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Performance Food Group by 29.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the food distribution company’s stock worth $89,000 after acquiring an additional 193 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Performance Food Group by 55.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 564 shares of the food distribution company’s stock worth $59,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity

In other news, insider Chasity D. Grosh sold 1,843 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total transaction of $169,611.29. Following the sale, the insider owned 6,601 shares in the company, valued at $607,490.03. This represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Barclays upped their price target on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday. Finally, Morgan Stanley reduced their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group Trading Up 0.6%

Shares of Performance Food Group stock opened at $93.25 on Friday. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $109.05. The stock has a market cap of $14.65 billion, a P/E ratio of 44.41, a P/E/G ratio of 1.47 and a beta of 0.92. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $88.27 and its 200-day moving average is $92.46.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The company had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.